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The Hamptons Market Update First Quarter 2014 THE HAMPTONS BROKERAGES Bridgehampton Brokerage | t. 631.537.6000 East Hampton Brokerage | t. 631.324.6000 Sag Harbor Brokerage | t. 631.725.6000 Southampton Brokerage | t. 631.283.0600

sothebyshomes.com/hamptons All data in this report is pulled from The Real Estate Report, Inc.Throughout this Market Update the Hamptons residential real estate market is defined as the 12 market areas noted on pages 4 and 5. Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Operated by Sotheby’s International Realty, Inc. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. Real estate agents affiliated with Sotheby’s International Realty, Inc. are independent contractor sales associates and are not employees of Sotheby’s International Realty, Inc.

Market Update Surging with momentum in the first quarter of 2014, the Hamptons real estate market posted robust across-theboard gains over the same period last year, according to The Real Estate Report, Inc. In overall Bridgehampton, East Hampton, Sag Harbor and Southampton sales, total dollar volume soared a dramatic 319 percent, while total units sold increased 140 percent. In both categories, the most significant gains were concentrated in price ranges from $3 million to over $10 million. Sales activity was strongest in Southampton, where the total units sold increased by 322 percent. Median selling prices rose significantly in each area, led by Sag Harbor at 201 percent. BRIDGEHAMPTON BROKERAGE | t: 631.537.6000 Debra Reece, VP, Brokerage Manager 2446 Main Street | Bridgehampton, NY 11932

EAST HAMPTON BROKERAGE | t: 631.324.6000 John Gicking, VP, Brokerage Manager 6 Main Street | East Hampton, NY 11937

SAG HARBOR BROKERAGE | t: 631.725.6000 Alice Bell, SVP, Brokerage Manager 7 Spring Street | Sag Harbor, NY 11963

SOUTHAMPTON BROKERAGE | t: 631.283.0600 Alice Bell, SVP, Brokerage Manager 50 Nugent Street | Southampton, NY 11968

SIGNIFICANT SALES | Q1 2014

SAG HARBOR | Last Asking: $36,000,000 Southampton Brokerage | HARALD GRANT Senior Global Real Estate Advisor | Associate Broker | 631.227.4913

EAST HAMPTON | Last Asking: $29,950,000 East Hampton Brokerage | EDWARD R. PETRIE | Senior Global Real Estate Advisor | Associate Broker | 631.907.8442 Southampton Brokerage | HARALD GRANT | Senior Global Real Estate Advisor | Associate Broker | 631.227.4913

BRIDGEHAMPTON | Last Asking: $15,995,000 Bridgehampton Brokerage | BEATE V. MOORE Senior Global Real Estate Advisor | Associate Broker | 631.613.7316

EAST HAMPTON | Last Asking: $1,995,000 Sag Harbor Brokerage | MICHAEL F. DALY | Global Real Estate Advisor Associate Broker | 631.613.7205 ROBERT FLORIO | Licensed Salesperson | 631.613.7206

FEATURED LISTINGS

SAGAPONACK | Web ID: 0045926 | $8,995,000 East Hampton Brokerage | RYLAN JACKA Senior Global Real Estate Advisor | Associate Broker | 631.907.8475

SOUTHAMPTON | Web ID: 0056221 | $7,495,000 Southampton Brokerage | ANN MARIE DEANE Global Real Estate Advisor | Associate Broker | 631.227.4922

WATER MILL | Web ID: 0037256 | $5,100,000 Bridgehampton Brokerage | BEATE V. MOORE Senior Global Real Estate Advisor | Associate Broker | 631.613.7316

BRIDGEHAMPTON | Web ID: 0037429 | $4,495,000 Bridgehampton Brokerage | DANA TROTTER Senior Global Real Estate Advisor | Associate Broker | 631.613.7346

AMAGANSETT | Web ID: 0046139 | $3,152,000 East Hampton Brokerage | PATRICIA WADZINSKI Senior Global Real Estate Advisor | Associate Broker | 631.907.8454

SHELTER ISLAND | Web ID: 1050334 | $2,795,000 Sag Harbor Brokerage | MICHAEL F. DALY | Global Real Estate Advisor Associate Broker | 631.613.7205 ROBERT FLORIO | Licensed Salesperson | 631.613.7206

AVERAGE SALE PRICE | TOTAL SFH SOLD | Q1

BRIDGEHAMPTON Sagaponack Centrally located, Bridgehampton enjoys open farm vistas, picturesque wineries, and a bustling historic village with an array of shops, restaurants, and galleries. Minutes away are miles of ocean beaches and bays with world class yachting. Home to the finest equestrian event, the Hampton Classic, as well as numerous art and music festivals, Bridgehampton offers a sophisticated cultural life. For the sporting enthusiast there are miles of scenic roads for biking, riding stables, and golf and tennis clubs including the famed Atlantic Golf Club.

2010

2011

2012

2013

2014

% Change (2014 v 2013)

AVERAGE SELLING PRICE

$3,973,800

$4,435,962

$2,756,881

$2,324,722

$3,787,614

63%

MEDIAN SELLING PRICE

$2,931,250

$4,000,000

$2,140,000

$1,700,000

$3,200,000

88%

18

13

21

9

22

144%

SINGLE FAMILY HOMES | Q1

TOTAL UNITS SOLD

AVERAGE SALE PRICE | TOTAL SFH SOLD | Q1

EAST HAMPTON Amagansett, Montauk, Wainscott

2010

2011

2012

2013

2014

% Change (2014 v 2013)

AVERAGE SELLING PRICE

$1,930,660

$1,235,871

$1,300,318

$1,160,146

$1,582,430

36%

MEDIAN SELLING PRICE

$1,200,000

$842,500

$850,000

$718,000

$990,000

38%

107

84

83

67

119

78%

SINGLE FAMILY HOMES | Q1

TOTAL UNITS SOLD

BRIDGEHAMPTON | EAST HAMPTON | SAG HARBOR | SOUTHAMPTON

Scenic Photography provided by Jake Rajs

Voted one of the most beautiful villages in the world, East Hampton retains its historic charm while offering the top names of fashion and the culinary world in its shops and restaurants. A vibrant cultural life extends year round with Guild Hall, the Hamptons International Film Festival, art gallery exhibits and elegant fundraisers. Beautiful biking and strolling lanes shaded by majestic elm trees lead down to miles of ocean beaches and the famed Maidstone Club.  Three Mile Harbor and Gardiners Bay offer prime waters for sailing or powerboating.

4

AVERAGE SALE PRICE | TOTAL SFH SOLD | Q1

SAG HARBOR North Haven, Noyack The historic whaling village of Sag Harbor exudes Victorian charm with a picturesque Main Street leading down to a busy wharf with some of the finest   motor yachts in the world. Homes enjoy spectacular bay views dotted with sail boats. With a true port feel, Sag Harbor offers diverse dining options and unique boutiques with international wares. Famous artists and writers have been drawn to the rich cultural life and history of Sag Harbor, and the streets are filled with book stores and art galleries, a cinema and Bay Street Theatre.

2010

2011

2012

2013

2014

% Change (2014 v 2013)

AVERAGE SELLING PRICE

$1,695,201

$1,718,098

$1,491,925

$897,031

$2,506,497

179%

MEDIAN SELLING PRICE

$675,000

$1,150,000

$1,325,834

$519,900

$1,562,500

201%

21

23

20

13

40

208%

SINGLE FAMILY HOMES | Q1

TOTAL UNITS SOLD

AVERAGE SALE PRICE | TOTAL SFH SOLD | Q1

SOUTHAMPTON North Sea, Water Mill Southampton combines its pedigreed past with its contemporary international culture. Famed hedged estates lead down to miles of ocean beaches and bay waters perfect for swimming, sailing or just relaxing. Southampton enjoys a vibrant social calendar, including outdoor concerts and elegant fundraisers for charity and cultural institutions such as its highly regarded Parrish Art Museum. Home to famed Shinnecock and Sebonack Golf Clubs and National Golf Links, it is a draw for worldclass golfing.

2010

2011

2012

2013

2014

% Change (2014 v 2013)

AVERAGE SELLING PRICE

$1,822,528

$1,771,839

$2,764,151

$1,533,444

$2,705,497

76%

MEDIAN SELLING PRICE

$1,375,000

$900,000

$1,300,000

$980,500

$1,405,000

43%

74

51

61

18

76

322%

SINGLE FAMILY HOMES | Q1

TOTAL UNITS SOLD

5

sothebyshomes.com/hamptons

ALL HAMPTONS | 5 Years | Q1 Comparison SALES BY TOTAL DOLLAR VOLUME 2010

2011

2012

2013

2014

% CHANGE

% CHANGE

Up to $999,000

55,840,623

59,079,465

60,285,527

42,364,200

71,944,148

70%

29%

$1M - $2.99M

175,479,760

89,657,795

97,112,800

48,036,500

156,979,494

227%

-11%

$3M - $5.99M

77,660,000

90,823,450

98,005,300

26,215,000

176,772,297

574%

128%

$6M - $9.99M

62,495,000

34,300,000

22,619,000

6,300,000

81,101,000

1187%

30%

$10M and up

77,099,900

17,500,000

86,250,000

15,000,000

90,717,350

505%

18%

448,575,283

291,360,710

364,272,627

137,915,700

577,514,289

319%

29%

PRICE RANGE

TOTAL 2013

4%

2014

11%

16%

31%

(2014 v 2013)

12%

14%

19%

27%

31%

35%

Up to $999,000

(2014 v 2010)

$1M-$2.99M

$3M-$5.99M

$6M-$9.99M

$10M and up

AVERAGE SELLING PRICE $5.0 $4.5 $4.0 $3.5 $3.0 $2.5 $2.0 $1.5 $1.0 $0.5 $-

2010

2011 Bridgehampton

2012 East Hampton

2013 Sag Harbor

BRIDGEHAMPTON | EAST HAMPTON | SAG HARBOR | SOUTHAMPTON

2014

Southampton

6

ALL HAMPTONS | 5 Years | Q1 Comparison TOTAL UNITS SOLD 2010

2011

2012

2013

2014

% CHANGE

% CHANGE

Up to $999,000

86

95

98

70

107

53%

24%

$1M - $2.99M

99

50

56

28

91

225%

-8%

$3M - $5.99M

20

20

24

7

44

529%

120%

$6M - $9.99M

9

5

3

1

10

900%

11%

$10M and up

6

1

4

1

5

400%

-17%

220

171

185

107

257

140%

17%

PRICE RANGE

TOTAL 2013

(2014 v 2013)

(2014 v 2010)

2014

Up to $999,000

$1M-$2.99M

$3M-$5.99M

$6M-$9.99M

$10M and up

MEDIAN SELLING PRICES $4.5 $4.0 $3.5 $3.0 $2.5 $2.0 $1.5 $1.0 $0.5 $-

2010

2011 Bridgehampton

7

2012 East Hampton

2013 Sag Harbor

2014

Southampton

sothebyshomes.com/hamptons

Auction & Exhibition Calendar 2014

16 29

NEW YORK APRIL A Modern Library: The Gordon Waldorf Collection John James Audubon: The Birds of America, The Viviparous Quadrupeds of North America The Inventive Eye: Photographs from a Private Collection Photographs Important Russian Works of Art, European Silver, and Vertu American Paintings, Drawings & Sculpture Magnificent Jewels

1 8 9 16 29 29 30

LONDON APRIL Made in Britain The Orientalist Sale Arts of the Islamic World Finest and Rarest Wines Furniture Collections Travel, Atlases, Maps & Natural History Old Master & British Paintings

1 1

2 8

SOTHEBY’S INTERNATIONAL REALTY AFFILIATES LLC. AN EQUAL OPPORTUNITY COMPANY. EQUAL HOUSING OPPORTUNITY. EACH OFFICE IS INDEPENDENTLY OWNED AND OPERATED.

© MMXIV SOTHEBY’S INTERNATIONAL REALTY AFFILIATES LLC. ALL RIGHTS RESERVED. SOTHEBY’S INTERNATIONAL REALTY® IS A REGISTERED TRADEMARK LICENSED TO

1

1

PARIS APRIL Picasso and the Nude: Fifty Drawings from the Marina Picasso Collection

Shown Above Left: WILLARD LEROY METCALF (1858 – 1925) A SEASIDE PASTURE SIGNED W L METCALF (LOWER LEFT) OIL ON CANVAS PAINTED IN 1910. 26 BY 29 INCHES (66 BY 73.7 CM) AMERICAN PAINTINGS, DRAWINGS & SCULPTURE NEW YORK 16 APRIL 2014

We invite you to explore our real estate listings at sothebyshomes.com and view the worldwide auction schedule at sothebys.com.

FEATURED LISTINGS

SOUTHAMPTON Web ID: 0056228 | $26,000,000 Southampton Brokreage PATRICIA J PETRILLO Senior Global Real Estate Advisor Associate Broker | 631.227.4916

BRIDGEHAMPTON Web ID: 0037408 | $16,000,000 Bridgehampton Brokerage BEATE V. MOORE Senior Global Real Estate Advisor Associate Broker | 631.613.7316

EAST HAMPTON Web ID: 0046265 | $14,900,000 East Hampton Brokerage ANN CIARDULLO Global Real Estate Advisor Associate Broker | 631.907.8470


The Hamptons Market Update | Q1 2014